SOLD
Sold on 05 Oct 2024 for $655,000

12 Myrtleford Crescent
Cambooya QLD 4358

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 100m2
Land area: 749m2
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Damian Borger
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Property Details for 12 Myrtleford Cres, Cambooya

12 Myrtleford Cres, Cambooya is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 2019. The property has a land size of 749m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom House sold in Cambooya in the last 12 months.

Building Type
House
Year Built
2019
Floor Size
100m2
Land Size
749m2
Local Government
Toowoomba Regional
Lot/Plan
127/SP291685

Last Listing description (November 2024)

Having a trouble-free asset with a great return is the goal of every investor. Having that asset in a location where demand for accommodation is strong ensures vacancy is minimal and the income reflects the demand.

Investors need look no further! This 4-bedroom duplex in the thriving community of Cambooya represents that ideal investment. The property provides the astute buyer instant income, with two leases in place until May and August 2025. The 3-bed and 1-bed units are occupied by long-term tenants who have expressed a desire to continue leasing well beyond the current term.

Located in the sought-after 'Cambooya Ridge' estate, this contemporary duplex on a single Title was built in 2019 and sits atop a 749m block. The 'side by side' design ensures privacy for tenants and delivers pleasing street appeal. The rendered brick and colorbond roof construction offer a modern aesthetic and provides low-maintenance piece of mind.

Only 20 minutes from Toowoomba, Cambooya has grown as a preferred option for occupiers to enjoy a relaxed, country lifestyle without having to compromise on services, amenities and conveniences of a large regional city.

12 Myrtleford Crescent, Cambooya at a glance:
* Combined income of $750 per week
* Built in 2019 rendered brick construction and colorbond roof
* Modern internal finishes, including stone bench tops and dishwashers
* UNIT 1: 3-bed, 2 bath, 1 car, 1 living, outdoor entertaining
* Stone benchtops, dishwasher, A/C in both living and Bed 1
* $430 per week Current lease to 16.05.2025
* UNIT 2: 1-bed, 1 bath, 1 car, 1 living with galley style kitchen
* $320 per week current lease to 18.08.2025
* Council Rates: $1,559.97 and Water Access: $495.98 (net half year)

Inspections are available by appointment only. Contact Damian Borger (0408 083808) of Zing Property to arrange a viewing.

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Property History for 12 Myrtleford Cres, Cambooya, QLD 4358

A timeline of how this property has performed in the market
Last Sold
$655,000
05 Oct 2024
  • 05 Oct 2024
    Sold for $655,000
  • 06 Sep 2024
    Listed for Sale Offers to Purchase
  • 18 Apr 2019
    Listed for Rent $210 / week
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About Cambooya 4358

The size of Cambooya is approximately 118.6 square kilometres. The population of Cambooya in 2011 was 1,297 people. By 2016 the population was 1,578 showing a population growth of 21.7% in the area during that time. The predominant age group in Cambooya is 0-9 years. Households in Cambooya are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cambooya work in a trades occupation. In 2011, 75.1% of the homes in Cambooya were owner-occupied compared with 74.1% in 2016.

Cambooya has 1,153 properties. Over the last 5 years, Houses in Cambooya have seen a 84.38% increase in median value, while Units have seen a 188.73% increase. As at 30 November 2024:

  • The median value for Houses in Cambooya is $599,605 while the median value for Units is $658,833.
  • Houses have a median rent of $480 while Units have a median rent of $358.
There are currently 5 properties listed for sale, and 1 property listed for rent in Cambooya on OnTheHouse. According to CoreLogic's data, 64 properties were sold in the past 12 months in Cambooya.

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